https://www.taxtmi.com/caselaws?id=192704 The court held that account books for the Indian head-quarters business could not be rejected merely because they lacked details of foreign business, as Section 13 governed the method of accounting and there was no basis for an estimate assessment. Depreciation on machinery in the Wakema rice-mill was disallowed because the statutory particulars required by proviso (a) to Section 10(2) were not furnished. A remittance from Singapore was treated as old Colombo profits, traced through a separate account and written instructions, so it was not assessable as income of the year. The debts were not shown to have required write-off before 12 April 1931, so the earlier deduction claim failed. en-us Thu, 27 Oct 1938 00:00:00 +0530 Tue, 13 Jun 2017 18:42:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192704 The court held that account books for the Indian head-quarters business could not be rejected merely because they lacked details of foreign business, as Section 13 governed the method of accounting and there was no basis for an estimate assessment. Depreciation on machinery in the Wakema rice-mill was disallowed because the statutory particulars required by proviso (a) to Section 10(2) were not furnished. A remittance from Singapore was treated as old Colombo profits, traced through a separate account and written instructions, so it was not assessable as income of the year. The debts were not shown to have required write-off before 12 April 1931, so the earlier deduction claim failed. Case-Laws Income Tax Thu, 27 Oct 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192704